Property Details
Stabilized Occupancy  Stabilized Income  NOI Growth 
Asset Profile
Value Add

BAM Multifamily Growth & Income Fund III - Series A

Indianapolis, IN

Multi-Family Fund
BAM Capital Indianapolis, IN
BAM Capital
  • IRR 10%
  • Equity Multiple 1.5x
  • Hold Period 5-7Y
  • Minimum Investment $30K
  • Year 1 Cash on Cash 10%
  • Stabilized Cash on Cash 10% Y5
  • First Distribution Jul 2022
  • Distribution Frequency Monthly
  • Asset Profile Value Add
  • Loan-to-Value See PPM
  • Current Occupancy N/R

About this Fund

"$100M private real estate fund that seeks to balance stable cash flow, forced capital appreciation, and accelerated/bonus depreciation tax benefits while maintaining a low overall risk profile versus other alternative assets. Fund III features six known assets in award-winning Indianapolis."

-Curtis Edwards, BAM Capital

Fund Type Multifamily
Investment Timing Equity called within 14 calendar
days of executed agreement
Market(s) Indianapolis
Target Fund Size Up to $100MM
Amount Raised $30MM
Amount Deployed $0
Date Opened for Investments February 2022
Est. Time to Next Investment June 2022
Est. Time to Initial Distribution July 2022

Top Questions

All answers are provided by the sponsor, BAM Capital, or its representatives.

What is your investment strategy/business plan for the Fund?

Curtis Edwards, BAM Capital: "The strategy, or mandate, of Fund III is:"

  • "Recapitalize six currently held, 1997-2008 built Class B+ to A assets."
  • "Focus on upper workforce housing in suburban Indianapolis a nationally top performing market."
  • "With a new capital stack, management can add significant value through a semi-major renovation and improvement program."
  • "Forcing appreciation while simultaneously taking advantage of a long-standing Indianapolis market trend of steady rent growth."

"The Fund structure eliminates “single asset risk” through diversification. The expectation that one or two assets may significantly outperform projections further increases the likelihood of a higher overall return for investors."

"Since the assets for Fund III have already been identified, the capital raise period is very limited and is anticipated to be closed in Summer 2022."

 

What are the most important aspects of the fund for investors?

Curtis Edwards, BAM Capital: "Given the assets are among a current BAM Capital portfolio, the management team has the highest level of conviction in its ability to execute the business plan and deliver the targeted returns to investors."

"Unique qualities:"

  • "Since these are known assets, BAM Capital already knows the organic and forced appreciation potential."
  • "Several assets have had test units to instill confidence in semi-major renovations and improvement program."
  • "BAM Management and BAM Construction are already in place which shortens the learning curve of a new property and allows us to immediately start on forced appreciation plans."

All answers are provided by the sponsor, BAM Capital, or its representatives.

"This offering may include projects that have been purchased from affiliates of the Sponsor. In that instance, the purchase price will be predicated on a valuation prepared by a third-party appraiser."

BAM Multifamily Growth & Income Fund III is offering Series A Preferred Units, as well as Series B Preferred Units (Fully Allocated). This offering page is for Series A Units, to see more information regarding Series B Units please click here and see PPM for details.

About this Fund

"$100M private real estate fund that seeks to balance stable cash flow, forced capital appreciation, and accelerated/bonus depreciation tax benefits while maintaining a low overall risk profile versus other alternative assets. Fund III features six known assets in award-winning Indianapolis."

-Curtis Edwards, BAM Capital

Fund Type Multifamily
Investment Timing Equity called within 14 calendar
days of executed agreement
Market(s) Indianapolis
Target Fund Size Up to $100MM
Amount Raised $30MM
Amount Deployed $0
Date Opened for Investments February 2022
Est. Time to Next Investment June 2022
Est. Time to Initial Distribution July 2022

Top Questions

All answers are provided by the sponsor, BAM Capital, or its representatives.

What is your investment strategy/business plan for the Fund?

Curtis Edwards, BAM Capital: "The strategy, or mandate, of Fund III is:"

  • "Recapitalize six currently held, 1997-2008 built Class B+ to A assets."
  • "Focus on upper workforce housing in suburban Indianapolis a nationally top performing market."
  • "With a new capital stack, management can add significant value through a semi-major renovation and improvement program."
  • "Forcing appreciation while simultaneously taking advantage of a long-standing Indianapolis market trend of steady rent growth."

"The Fund structure eliminates “single asset risk” through diversification. The expectation that one or two assets may significantly outperform projections further increases the likelihood of a higher overall return for investors."

"Since the assets for Fund III have already been identified, the capital raise period is very limited and is anticipated to be closed in Summer 2022."

 

What are the most important aspects of the fund for investors?

Curtis Edwards, BAM Capital: "Given the assets are among a current BAM Capital portfolio, the management team has the highest level of conviction in its ability to execute the business plan and deliver the targeted returns to investors."

"Unique qualities:"

  • "Since these are known assets, BAM Capital already knows the organic and forced appreciation potential."
  • "Several assets have had test units to instill confidence in semi-major renovations and improvement program."
  • "BAM Management and BAM Construction are already in place which shortens the learning curve of a new property and allows us to immediately start on forced appreciation plans."

All answers are provided by the sponsor, BAM Capital, or its representatives.

"This offering may include projects that have been purchased from affiliates of the Sponsor. In that instance, the purchase price will be predicated on a valuation prepared by a third-party appraiser."

BAM Multifamily Growth & Income Fund III is offering Series A Preferred Units, as well as Series B Preferred Units (Fully Allocated). This offering page is for Series A Units, to see more information regarding Series B Units please click here and see PPM for details.

Offered By

BAM Capital

BAM Capital

Indianapolis, IN

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Assets Under
Management

Currently
$625MM 10+ assets
Exited
$58.55MM less than 10 assets
Portfolio LTV
65%  
Historical
Realized Returns

Total IRR
31.3%  
Equity Multiple
2.74x  
Annual Cash
8%  
Years Of
Experience

As Principals
15+ years  
In Business
12 years  
Size
17 Staff * Dedicated investor relations
* All information is reported by BAM Capital as of 4/19/2022.
Assets Under
Management

Currently
$625MM 10+ assets
Exited
$58.55MM less than 10 assets
Portfolio LTV
65%  
Historical
Returns

Total IRR
31.3%  
Equity Multiple
2.74x  
Annual Cash
8%  
Years Of
Experience

As Principals
15+ years  
In Business
12 years  
Size
17 Staff * Dedicated investor relations
* All information is reported by BAM Capital as of 4/19/2022.

Financials

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Offering Financial

Sponsor Diligence Report

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Diligence Preview

Location Details

Indianapolis, IN

Curtis Edwards, BAM Capital: "All of the Fund III assets are in the Indianapolis, Indiana market. Indianapolis is nationally recognized for a myriad of factors including rent growth, strong economic fundamentals, upward-trending white-collar job, population growth, and quality school systems."

Documents

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Offering Agreement Documents

Frequently Asked Questions

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